Click here to advertise on CatholicCulture.org

Vatican rebuts new charge of financial mismanagement

Catholic World News - January 31, 2012

An Italian newspaper report, claiming that the Congregation for the Causes of Saints has been caught up in a fraudulent financial scheme, is inaccurate, the Vatican has announced.

The daily Corriere della Sera ran a headline story saying that the Congregation had invested €1.6 (about $2 million) in a fund run by Gianfranco Lande, who has been charged with running a Ponzi scheme. The Vatican press office noted, however, that the funds were actually invested by Father Francesco Maria Ricci, a Dominican priest who has been the postulator for some candidates for beatification, but is not an official of the Congregation. The statement read:

Fr. Francesco Maria Ricci, who is mentioned in the article, is a Dominican religious who works on behalf of his order. He does not in any way belong to the Congregation for the Causes of Saint. It must be made clear that Postulators are 'clients' of the Congregation, with which they interact in order to promote the causes they are handling, but they are by no means part of the Congregation. It is important, then, to highlight the fact that the Congregation for the Causes of Saints, its prefect Cardinal Amato and its officials are not involved in any way with the events about which the article speaks.

Father Ricci invested funds in Lande’s financial firm. The Dominican is not accused of involvement in carrying out the Ponzi scheme, although questions might be raised as to how he obtained $2 million to invest.

The Vatican’s statement on the case represented the second time in less than a week that the Holy See was forced to respond to public charges of financial mismanagement, coming shortly after a television report that alleged widespread cronyism in Vatican work contracts.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Progress toward our October expenses ($33,217 to go):
$35,000.00 $1,783.25
95% 5%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Using the figure of Pope Francis for evangelization 9 hours ago
If Catholic priests never preach on sexual morality, be suspicious 9 hours ago
On Bishops and Jesuits, Saints and Angels September 30
Bishop Finn in Kansas City: Not quite up to date? September 30
Oh, that sort of misconduct September 29

Top Catholic News

Most Important Stories of the Last 30 Days
Cardinals criticize Kasper proposal, escalating debate on remarriage/Communion CWN - September 18
Cardinal Parolin: UN must protect innocents from Islamic State CWN - September 30